Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Scotpak - agreed but clearly still plenty of deliberation ongoing still, one would think if Petronas and Savannah have kept it alive till now, neither parties will flake out. So effectively forcing the SS government to take a formal stance on the deal either through an approval or formal rejection.
#South_Sudan's Trade Minister and Ambassador meet Mark Fitzgerald, Vice President of #Petronas for Intl. Assets, in #Malaysia to discuss the company's activities in 🇸🇸. However, in December 2022, Petronas decided to sell its entire oil and gas business in 🇸🇸 to Savannah Energy.
https://twitter.com/PatrickHeinisc1/status/1762424020379505150
Noix - 200 mmcfd is the amount of treated / processed gas, our total capacity is 600 mmscfd. So that's the difference it depends on whether the customer wants treated gas or untreated where they are happy to process themselves. I would imagine most customers would want treated gas and hence we commenced the cpf capital expenditure
Recovery of Naira is a 3 step process:
1) Mop up excess black market liquidity so speculators and arbitrage trading does not affect naira stability.
2) Increase dollar exports and decrease dollar imports
3) Make oil and gas investment attractive through regulation thus increasing FDI through it's oil and gas sector/
If Nigeria can do all this than I am confident Nigeria can reverse all the devaluation that happened since June 2023.
Although it will need the Nigerian federal government, central bank and oil and gas regulators like minister of petroleum alongside NNPC to work together in this, it's possible but requires openess from all parties and ego's and politics will need to be put aside
If Nigeria can increase it's oil exports mainly through oil and with the additional reforms supporting it I can see Naira trading below 1000 against by end of 2024. Any significant refinery surplus which can be exported will bring in US dollars inflow to Nigeria, whilst domestic oil refinery product providing fuel to Nigeria should alleviate dollar import pressure of importing fuel from foreign countries.
Therefore it's highly important for Nigeria to get all it's refinery in full flow this year to export markets whilst also meeting domestic demand.
Some additional significant news on Naira today
https://africa.businessinsider.com/local/markets/nigerias-central-bank-resumes-sale-of-dollars-to-bureau-de-change-operators/z3hdnyd
https://www.bloomberg.com/news/articles/2024-02-27/nigeria-delivers-jumbo-rate-hike-to-aid-its-battered-naira
There is discontent in every country in the world at the moment rocky, tell me a country where there isn't a political, social, economic or geopolitical crisis.
Whilst I am fully cognisant that that the risk is always heightened in African countries, I would be surprised if it led to a coup in Nigeria the probability is never zero as one would never want to tempt fate but I would still say the probabilities are on the lower end of the spectrum.
A lot of the crisis has been driven by de-valuation of Naira, but that's an active decision that the federal government took short to attract foreign direct investment short term pain for long term gain.
Zengas - On the below does the below mean we had 200 mmcf/d as processed export capacity prior to the CPF so with the CPF facility we are able to transport processed gas volumes of 400 mmcf/d. Still quite unsure as to the detail behind it
I think the company needs to highlight the benefits of this capital expenditure it terms of what it means for the accugas asset, it's important for the company to highlight the detail as it better informs the market of the potential accugas has as sometimes value can simply be misinterpreted if the company does not make an effort in articulating it's benefits even thought they could be transformational but sometimes can be lost due to the fact that market has not been fully informed of the benefits.
Trust - the compression project was to increase the gas export pressure to a maximum 81 bar and deliver 110 mmcf/d per train (x 2) if i've read it right. A $45m capex project with completion later this year.
Rockyride - it’s fake news…… It’s quite difficult to do a coup in Nigeria given the way its political structure and constitution is set up. I would put the chance of it happen below 1%
https://x.com/hqnigerianarmy/status/1761839691312119986?s=46&t=bdVeLrGB139mDog1SFRNlw
Https://www.energyintel.com/0000018d-c744-d02b-abed-e7653b6b0000
Brilliant find Zengas and lots of news outlets reporting now.
Acquisitions or not savannah should get equipment in Niger in March and start operations in April / May. I hope they stop dilly dadle and final start paying Niger the attention it deserves sometimes concentrating on what you have is the best way to move forward.
Need to see a serious plan for Niger out in place now for the year
Https://nairametrics.com/2024/02/09/president-tinubu-signs-amended-electricity-bill-into-law/
Https://punchng.com/nigeria-to-woo-energy-investors-at-iae-forum/
Pipeline still exporting oil, albeit under logistical challenges
https://sudantribune.com/article282473/
Https://bnnbreaking.com/politics/niger-charts-new-energy-path-amid-government-reshuffle-and-regional-sanctions
Niger - is clearly diversifying it's export markets beyond just the pipeline great to see once production starts to ramp up. There will be a strong case to build a bigger refinery which can supply countries around it's borders whilst the pipeline will take product to international markets. Makes aggressive work programme for operators even tastier if they can start drilling.